A structured approach is required for better cyber-security infrastructure during the process of an initial public offering. Elaborate (200 Words)
Refer - The Business Line
Enrich the answer from other sources, if the question demands.
IAS Parliament 3 years
KEY POINTS
· While the value of personal data is being realised by individuals across the world, enterprises have been slow on the uptake and have not fully grasped the magnitude of cyber threats.
· A structured approach is required to ensure that cybersecurity doesn’t appear as an after-thought during the pre-IPO phase.
· Considerable investment in cyber-security, a security breach doesn’t only mean a loss in reputation but can also result in a class-action suit.
· Appoint an internal Chief Information Security Officer for supervision.
· Updated and appropriate cybersecurity framework in place.
· Ensure cyber risk is a part of the Enterprise Risk Management programme, as well as part of Board level discussions.
· Ensure that key assets core to your business are always secure.
· Establish processes to respond to attacks to mitigate their impact.
· Embed cybersecurity and privacy by design in the overall IPO readiness roadmap.
· Effective planning is critical to seize an IPO opportunity and develop the structure necessary for a public company.
· It is imperative for organisation to focus in areas such as investors relations, corporate governance, tax, human capital, including cybersecurity posture and financial reporting and identify possible gaps.
Abdul hakkim 3 years
Please review mam/sir
Thanks
IAS Parliament 3 years
Try to cut short the introduction part. Keep Writing.
